East Asia Trade Bloc: Japan, China and South Korea completed the first round of talks intended to achieve a free trade agreement. No one should expect the process to be quick. It was characterized as largely procedural. The notable geopolitical aspects include the following:

The launching of the Trans-Pacific Partnership by the U.S. (plus Japan's intention to join it) created a threat that prompted China's interest in an East Asian trade pact. Japan and South Korea will be defensive on agriculture and offensive on industrial goods, whereas China wants greater opportunities for its agriculture. All parties hope that increased economic relations, and consequently cultural relations, will temper the otherwise long history of political...